Rensselaer Union, Volume 2, Number 46, Rensselaer, Jasper County, 11 August 1870 — Republican Rule. [ARTICLE]

Republican Rule.

The first documentary gun of the campaign was fired by Senator Morton on Monday night last at Terre Haute, Ind. It bristles with striking points, but its chief strength is in the exhibit it gives of the financial success of the Administration and the reduction in both the taxes and the public debt under Republican rule. The last Congress left a record which will doubtless secure another Republican national legislature. It is a fact, however amazing it may appear, that Congress reduced taxation eighty millions of dollars, fifty-seven millions of internal taxes and twenty-three millions of tariff This was done tn full view of the fact that we must have, an annual yield of one hundred and sixty millions of revenue, and in the expectation that this sum could be mainly collected from luxuries. The tax was, therefore, taken off or reduced wherever it was possible. The internal tax remains only upon whisky and tobacco and upon the sale of these. The annoyance of stamping receipts was removed by abolishing stamps on receipts, and notes under 1100 no longer require to be stamped. The reduction of twenty-three millions in the tariff was made mainly upon those three articles which touch the purse of the laboring man and the man of mederjjjJj circumstances, viz.: coffee, tea and sugar. The enormous deduction should satisfy even our Democratic friends T hose who have been compelled to go ill-clad and ill-fed, and to deny their children the luxuries of their richer neighbors because of the great burden of taxation which has rested upon th 6 country, may now invest them proportion of the eights millions in such comforts and luxuries as they have long suffered for. At the same time, the Administration will conspire with Congress to better their, condition another year, for it is largely due to faith! ul collection of the revenue and economy in administering the Government, that Congress has been able to make the reduction mentioi ed. Up to this time, the Administration has reduced the public debt about one hundred and forty six millions of dollars. During the first sixteen months, up to the firtt of July, the decrease was over one hundred and thirty-nice millions, as shown by Mr. Boutwell’s stat/ment. If our Democratic friends had had the power they would scarcely have dene better than this, for, during the last sixteen months of their Johnson Administra ion, the amount of the public debt paid off was somewhat less than nine millions. Then, in collection of the revenue, the present Administration has also the advantage over the Johnson-Democrat-ic Administration. Comparing the last sixteen months of Johnson's term with the first sixteen of Grant’s, we find a difference in favor of the latter of over fifty-one millions, over thirty-two millions of internal revenue and over nineteen millions of customs duties. It is this difference which is so rapidly reducing the burdens which rest upon the people, especially upon the Democratic back, for, as an unwilling heart doubles the burden, the Democracy carry much the heaviest load. A calculation will show that Grant has paid more per month than Johnson did per year, aud it is not unfair, therefore, to infer that Democratic rule w°uld require as many years to remove the public debt as Republican rule would months. Some other facts are worthy of note in this connection. Besides reducing the taxes eighty millions, Congress, in the appropriations, reduced the-amount $31,000000 below the estimates. Another fact is, that while the Democracy complain so much of the tax burdens, none of the Democratic members voted for the tax bill making the reduction of eighty millions on its final passage.— Toledo Bl'ide.